Balanced budget amendment Archive

Majority Leader Eric Cantor (R-VA) regarding a balanced budget amendment

RIP USA :( House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding House consideration of a balanced budget amendment, H.J. Res. 1, sponsored by Congressman Bob Goodlatte: “We are being asked by the Obama Administration to approve a debt limit increase. While President Obama inherited a bad economy, his ...Read More

Debt ceiling dynamics

My best guess is there will be little or no fight over the debt ceiling extension. I think the President will agree to pretty much whatever the Republicans want, and get more than enough Democrats to join him. Best I can tell, the entire Congress agrees the deficit is a long term ...Read More

post boat ride recap and a reader’s questions answered

After my brief recap is my response to a very good and typical inquiry I thought I’d pass along. Meanwhile, the tax cuts were extended, and perhaps a bit of restriction removed, eliminating that source of risk of a sharp contraction that could have happened otherwise. With the 2%, 1 year reduction ...Read More